BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,556 shares of the company’s stock after acquiring an additional 7,849 shares during the quarter. Rhumbline Advisers owned about 0.13% of BigCommerce worth $819,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIGC. Acadian Asset Management LLC acquired a new position in BigCommerce in the first quarter valued at $80,000. Virtu Financial LLC acquired a new position in BigCommerce in the first quarter valued at $104,000. Bayesian Capital Management LP acquired a new position in BigCommerce in the first quarter valued at $144,000. Catalytic Wealth RIA LLC acquired a new position in BigCommerce in the second quarter valued at $188,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of BigCommerce by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock worth $350,000 after acquiring an additional 3,188 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BIGC has been the topic of a number of recent analyst reports. Bank of America dropped their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research note on Wednesday, August 28th. Finally, Barclays decreased their price objective on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BigCommerce presently has a consensus rating of “Hold” and an average target price of $8.93.

BigCommerce Stock Down 3.3 %

BigCommerce stock opened at $5.85 on Tuesday. The stock has a market cap of $452.06 million, a price-to-earnings ratio of -9.14 and a beta of 0.98. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 13.04. The company’s 50-day moving average price is $6.41 and its two-hundred day moving average price is $6.96. BigCommerce Holdings, Inc. has a 52 week low of $5.35 and a 52 week high of $10.29.

BigCommerce (NASDAQ:BIGC) last announced its earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $81.83 million during the quarter, compared to the consensus estimate of $81.13 million. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. BigCommerce’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, analysts expect that BigCommerce Holdings, Inc. will post -0.3 EPS for the current fiscal year.

About BigCommerce

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.